Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[mindrust]

All shitcoins are slowly bleeding back into Bitcoin on every dip.  

Deal wid it.  

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?

Tone Vays is right but at this point it doesn't matter. They will exist anyway and many people get scammed because of that. This whole concept (ICO's and shit) will become a massive clusterfuck. (if not already)

Tone Vays also says most altcoins are scams and guess what? He is right again yet altcoins keep coming.

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[starmman]

All shitcoins are slowly bleeding back into Bitcoin on every dip.   

Deal wid it.   

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?

BTC Dominance has increased from 33% to 43% since Jan, the last peak was at 45% - will be interesting to see if its passes or not, I'll buy a bit of alt stock at 44% just in case

Personally, I'm happy with the 35%-45% range

The recent trend has been for dominance to reduce as BTC price increases, a couple of years ago the opposite tended to happen

[STT]

Does newbie mean second account in this case, I gave merit because it seemed the wrong label for a well structured post

and I don't care at all if my small change stuff is more or less decentralised.

I agree it shouldnt be a big deal but also some will say well the standard is failing if it cant all be decentralised.    I would prefer the really small change stuff is done via flexible exchange rates to tiny alt coins.   If it works, great for them and they can handle the transaction cost and processing integrity and if not the exchange rate falling vs Bitcoin will minimise any losses spreading.
    But I worry about centralised processing of Bitcoin within this main blockchain could somehow develop into a negative distortion of value even if its tiny bits I see them as the most genuine commerce to come from the smallest movements of value and by the most diverse population.  

i do have some segwit coins, those are the "spending" coins i use for buying stuff like pm and newegg etc. satoshi coins are for long term hodl.

Seems sensible and I would like if all coins were more often distributed between users.   I'm sure thats most of where BTC price strength should come from, monetary velocity between users with varied interests, many nationalities but a commonly traded currency.  

By 2024, it will be closer to $500k/BTC break even.

So great efficiency improvements are a requirement if that is the case

[Rosewater Foundation]

BTC Dominance has increased from 33% to 43% since Jan

I'm afraid I must insist.



_{(also silver nazis pedo stuff too)}

[realr0ach]

Ok we now know your name along with the fucking roach.

[bitChipper]

All shitcoins are slowly bleeding back into Bitcoin on every dip.  

Deal wid it.  

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?

Tone Vays is right but at this point it doesn't matter. They will exist anyway and many people get scammed because of that. This whole concept (ICO's and shit) will become a massive clusterfuck. (if not already)

Tone Vays also says most altcoins are scams and guess what? He is right again yet altcoins keep coming.

Well many people have already been scammed by worse things than ICOs (bitconnect) for example.

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

[mindrust]

60% of all the money in crypto is that clueless and invested in scams?

Yep exactly this.

Just have some common sense and you'll be fine.

[Torque]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

[El duderino_]

Reading many BUY the DIP...... but who actually is increasing there stack's
i know i did for sure  

So tomorrow i will drink a lebowski white russian to celebrate my  latest nice size BTC-increasing stash  

join the train stay bullish keep thinking long term

[bones261]

Isn't it amazing? THE CME June futures contract settles and we seem to get a little bit of a respite from the dumping. When exactly was it announced that the CME and CBOE was a go? I'm trying to figure out what price these MFs got their BTC to dump. Or are they just shorting it on the various exchanges with fiat as collateral? Or is this price movement just coincidence? Is there really any correlation here?

[Rosewater Foundation]

a respite from the dumping

I don't remember this happening. When did this happen?<sup>1

1. Did this happen?</sup>

[bitChipper]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

[mindrust]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

What if the exchanges were the creators of these new alt-coins? Have you ever considered that possibility?  

[bones261]

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.

What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.

Meh, Bitmain and friends probably have 10nm or 7nm chip ASICs populating their farms. I wouldn't be surprised if they also have farms set up in Venezuela to take advantage of the cheap electricity there. This is merely speculative though. It is also possible that Bitmain doesn't have the more efficient ASICS working yet and that this bear market will kill them. Wishful thinking on my part though, I am sure.

[vroom]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

obviously this project would also require a awesome white paper and a fancy website with a moving background.

[gembitz]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

when faucet? =) weeee

[Ibian]

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

What if god descends and tickles your balls?

[gembitz]

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

re: BTI it's easier just to buy ~ you must think of a real world use that bitcoin core doesn't do! weeee

===>

https://freiexchange.com/market/BTI/BTC

http://www.bitcoinstant.org/

#obeybitcoin

[cAPSLOCK]

You know that run up to the time you finally, but gently launch up from the bed and stagger, eyes watering, to the toilet... get on your knees, throw back the lid and take a couple more cold, short breaths before you wretch your guts out.  Probably three, maybe four good spasms of agony and acrid taste, then a couple more deep breaths, and of course the encore as you struggle to even produce much more than thick drool with each dry heave.

And finally... you feel the incessant misery that has been building up for an hour receding as you stagger up and rinse out your mouth.  It's over.  And you are going to be OK damn it.  In fact you will be just fine.

Well.

We are not quite to that time yet, I am sorry to say.

But it is very close.

And when we are all done, and about to tuck back in bed to rest peacefully...

One of you.

Will be able to ask:

"Who sold at the bottom!?!?"

I MEAN it this time!

[bones261]

a respite from the dumping

I don't remember this happening. When did this happen?<sup>1

1. Did this happen?</sup>

We started to get a few wimpy green candles at around 4:pm London time. Also, the last decent dump happened around 6:00 am London time this morning. I think the bottom is in, for now, until we get close to the CBOE closing date of 07/18/2018.